L'Oreal Unsp/Adr

Good morning. I'm very happy to be with you to present L'Oréal's annual results for the first time as a CEO. I will be joined by Christophe Babule, Group CFO, and each division president, Alexis Perrachivala for the Consumer Product Division, Cyrille Chapuis for L'Oréal Luxe, Myriam Coel-Wellgreen for the Active Cosmetics Division, and our newest division's president that I'm very happy to welcome, Omar Ajeri for the Professional Products Division. who will be presenting on behalf of all the members of the executive committee who participated in this year's performance. So let's start. I'm happy to hand over to Françoise Lovain, head of investor relations.

Good morning, everyone. It is our pleasure to welcome you to this presentation of L'Oreal's 2021 annual results. Unfortunately, this presentation is again this year in a virtual format. But we hope that next year we will be able to meet in person. This presentation is webcast live on our dedicated website loreal-finance.com. As usual, the recording of this webcast will be available this afternoon in the annual results section of the same website. Let's take a quick look at today's agenda. of our corporate responsibility program. Then each head of division will summarize the 2021 key points of his or her division, as well as the prospects for 2022. Nicolas Hieronymus will conclude the first part of this conference and share with you his confidence in the future. We will then move to the Q&A session, which we expect to last about one hour. Before we start, let me draw your attention to a couple of points. The meeting will be held in English, but there is a French interpretation for those of you who feel more comfortable in that language. At the end of the presentations, the Q&A session will be in audio mode. You may use the audio connection now if you would like to follow the presentations by phone in a listen-only mode. All slides and visuals that will be shown are available in English and French on our website. For the Q&A session, We kindly ask you to state your name and company name as clearly as possible before raising your question in English. We will also take some questions sent by email, and we kindly ask our journalist guests to raise their questions during the latter part of the meeting. Finally, I would like you to read the disclaimer that is now on the screen. For those of you in an audio mode, it can be found on the last page of the presentations. I thank you for your attention and wish you a very pleasant meeting.

Thank you, Françoise. And now I will invite Christophe Babule, our CFO, to come to the desk and tell us about our financial performance.